Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Ether’s (ETH) price is currently at $3,077, reflecting a rise of 17% from its recent lows of $2,620 recorded on Nov. 21. Nevertheless, a decrease in treasury buying and existing overhead resistance have hindered a sustained move towards $4,000.Key takeaways:Ether treasury demand has plummeted by 80%, raising alarms regarding their viability.Overcoming the resistance at $3,200 is vital for confirming a recovery.Ether’s falling wedge breakout targets $4,150 ETH if the key support levels hold.Ethereum treasuries have fallen by 80%Ether has experienced a sharp decline in demand from corporate treasury entities that previously accumulated ETH as part of the “DAT” trend.According to…
Ether’s (ETH) price is at $3,077, reflecting a 17% increase from its recent low of $2,620 recorded on Nov. 21. Nonetheless, diminished treasury purchases and existing overhead resistance have hindered a consistent recovery toward $4,000. Key takeaways: Ether treasury demand has plummeted by 80%, causing concerns about their long-term viability. Surpassing the resistance at $3,200 is essential to validate the recovery. Ether’s falling wedge breakout could target $4,150, provided key support levels remain intact. Ethereum treasuries have collapsed by 80% Ether has experienced a significant drop in interest from corporate treasury entities that had previously accumulated ETH as part of…
Michael Saylor’s Strategy is steadfast in its attempts to maintain inclusion of its common A stock (MSTR) within the MSCI indexes, following the stock’s entry into the MSCI World Index during the Bitcoin surge in 2024.As MSCI Global Standard Indexes conducts consultations to determine whether to remove MSTR and other digital asset treasuries (DATs) from its indexes, Saylor stated that the company is engaged in discussions with the index provider regarding this matter, as reported by Reuters on Wednesday.“We’re participating in that process,” the Strategy founder noted, expressing uncertainty about the validity of JPMorgan’s reported assessments that a potential exclusion…
Binance has introduced Binance Junior, a crypto app controlled by parents for users aged 6 to 17, igniting discussions about the implications of introducing digital assets to minors.The company announced on Wednesday that Binance Junior is a separate mobile app associated with a parent’s primary Binance account. This tool enables adults to deposit crypto, set spending and transfer limits, and activate Earn products for their children, depending on local laws. Binance presents the new product as a financial literacy tool aimed at families. It resembles traditional custodial accounts, allowing children to hold assets while parents retain legal ownership and control of…
TON’s price increased by 3.7% to $1.605 in the past 24 hours, supported by a rise in trading volume and significant advancements in decentralized governance and AI infrastructure.According to CoinDesk Research’s technical analysis data model, trading volume surged 16% above the seven-day moving average, driven by actions from major market participants.The price surge followed the launch of STON.fi, TON’s largest decentralized finance protocol, which introduced the network’s first fully on-chain decentralized autonomous organization (DAO). This update enables users who stake STON tokens to vote on governance decisions, including upgrades, parameters, and funding distributions.In exchange, they earn ARKENSTON tokens, which symbolize…
Investment bank HSBC indicated that S&P Global Ratings’ decision to downgrade Tether’s reserve assessment to weak serves as a reminder that stablecoins possess an inherent “de-pegging” risk unlike other forms of tokenized currency. The fundamental issue is clear: should holders rush to redeem, a stablecoin issuer must maintain reserves that are undoubtedly liquid and low-risk, or the token’s price may stray from its intended peg, according to analysts Daragh Maher and Nishu Singla in a Monday report.Stablecoins are cryptocurrencies anchored to assets such as fiat currencies or gold. They are essential to the crypto economy, acting as payment rails and…
Startale Group, a blockchain company collaborating with tech giant Sony on its web3 initiative Soneium, has launched a stablecoin tied to the U.S. dollar.Named Startale USD (USDSC), this token aims to function as the primary digital currency for transactions, rewards, and various operations within the Soneium ecosystem, as highlighted in a press release on Wednesday. Soneium is an Ethereum layer-2 network, introduced last year by Sony Block Solutions Labs, a partnership between Sony Group and Startale.This initiative coincides with Japan’s deeper engagement in the digital currency sphere, as stablecoins—valued at around $300 billion—are increasingly regarded as a viable payment option.…
Michael Saylor’s Strategy remains committed to ensuring its common A stock (MSTR) retains its position in the MSCI indexes after joining the MSCI World Index during the Bitcoin surge in 2024.As MSCI Global Standard Indexes consults on possibly removing MSTR and other digital asset treasuries (DATs) from its indexes, Saylor stated that the company is actively in communication with the index provider regarding this matter, as reported by Reuters on Wednesday.“We’re participating in that process,” the founder mentioned, while expressing uncertainty about JPMorgan’s projections that a potential exclusion from the MSCI could result in $2.8 billion in outflows.MSCI had originally…
CoinDesk Indices provides its daily market overview, showcasing the top performers and underperformers in the CoinDesk 20 Index.The CoinDesk 20 is currently priced at 2986.41, with a rise of 2.2% (+63.44) since 4 p.m. ET on Tuesday.Eighteen out of 20 assets have shown an upward trend.Top performers: LINK (+8.9%) and SUI (+6.5%).Underperformers: ICP (-1.5%) and POL (-1.0%)The CoinDesk 20 is a diverse index accessible on various platforms across multiple global regions.
Crypto expert Tony Severino has identified a historical bearish trend that could push Bitcoin’s price down to $42,000. This pessimistic forecast for BTC comes during a recovery phase for the leading cryptocurrency, having recently surged past the critical $90,000 mark. Bitcoin Price Faces a 50% Decline to $42,000 Based on This Indicator In an X post, Severino mentioned that Bitcoin tends to retrace to subwave 3/4 of wave 3/4 of its momentum. He suggested that BTC could decline to as low as $42,000 during wave C of this downward movement. His accompanying chart illustrated that this drop may occur at…